Search Results - subject:"OPTIMAL control"

Peitz, Martin; Rady, Sven; Trepper, Piers - 2015

We study optimal experimentation by a monopolistic platform in a two-sided market. The platform provider is uncertain about the strength of the externality each side is exerting on the other. Setting participation fees on both sides, it gradually learns about these externalities by observing...

Persistent link: https://www.econbiz.de/10010518802

Stochastic optimal control for online seller under reputational mechanisms

Bradonjić, Milan; Causley, Matthew; Cohen, Albert - In: Risks : open access journal 3 (2015) 4, pp. 553-572

advertising model from [1] and used effectively in the Stochastic Optimal Control of Advertising [2]. This model of reputation is …

Persistent link: https://www.econbiz.de/10011402776

Subsidising Renewables but Taxing Storage? Second-Best Policies with Imperfect Carbon Pricing

Helm, Carsten; Mier, Mathias - 2019

We consider an economy in which competitive firms use three technologies for electricity production: pollutive fossils, intermittent renewables like wind or solar, and storage. We determine optimal subsidies for renewables and storage capacities when carbon pricing is imperfect. This policy is...

Persistent link: https://www.econbiz.de/10012099101

Optimal taxation under regional inequality

Kessing, Sebastian; Lipatov, Vilen; Zoubek, J. Malte - 2019

regional inequality and labor mobility shape optimal redistribution. We propose the use of delayed optimal-control techniques …

Persistent link: https://www.econbiz.de/10012385441

Insider understanding of country development: a novel application of Optimal Control Theory and Data Envelopment Analysis for benchmarking performance of Chilean and Brazilian comp...

Alves Junior, Paulo Nocera; Yushimito, Wilfredo F.; … - In: The Central European Review of Economics and Management … 3 (2019) 1, pp. 47-93

Optimal Control Theory and Data Envelopment Analysis.Design/Research methods: Data was collected from Chilean and Brazilian …

Persistent link: https://www.econbiz.de/10012427270

Optimal bailo-out dividend problem with transaction cost and capital injection constraint

Junca, Mauricio; Moreno-Franco, Harold A.; Pérez, … - In: Risks 7 (2019) 1, pp. 1-24

We consider the optimal bail-out dividend problem with fixed transaction cost for a Lévy risk model with a constraint on the expected present value of injected capital. To solve this problem, we first consider the optimal bail-out dividend problem with transaction cost and capital injection and...

Persistent link: https://www.econbiz.de/10013200431

Optimal Control of a Class of Systems with Continuous Lags : Dynamic Programming Approach and Economic Interpretations

Hartl, R. F.; Sethi, Suresh - 2019

This paper derives a maximum principle for dynamic systems with continuous lags, i.e., systems governed by integrodifferential equations, using dynamic programming. As a result, the adjoint variables can be provided with useful economic interpretations

Persistent link: https://www.econbiz.de/10014046450

The Optimal Control Problem for Output Material Flow on Conveyor Belt With Input Accumulating Bunker

Pihnastyi, Oleh; Khodusov, Valery - 2019

The article is devoted to the synthesis of optimal control of the conveyor belt with the accumulating input bunker … a given technological position as a function of time. We consider the optimal control problem for flow parameters of the … input. In the synthesis of optimal control, we take into account the limitations on the size of the accumulating bunker, as …

Persistent link: https://www.econbiz.de/10014104339

Optimal Control Problems with Differential Inclusions : Sufficiency Conditions Inventory Model and an Application to a Production Inventory Model

Hartl, R. F. - 2019

In this paper we derive useful sufficiency optimality conditions for a class of optimal control problems subject to …

Persistent link: https://www.econbiz.de/10012906227

Optimal Control of the Parameters of the Production Line

Pihnastyi, Oleh - 2019

The problem of optimal control of the parameters of the production flow line - stocks (work in process) and the rate of … example of the calculation of the optimal control for the production line parameters is presented …

Persistent link: https://www.econbiz.de/10012891414